Franc Retreats, Traders Follow

Investors Jump Back Into Betting on Pairing With Euro as Swiss Currency Falls

By

Matthew Walter

Updated Sept. 13, 2012 8:13 p.m. ET

After hibernating for months, the Swiss franc is starting to stir.

The franc's recent move lower, a more than one-cent drop against the euro over about a week, comes as the currency pair has barely budged this year. Outside of a few isolated trades, the franc hasn't strayed by more than a few hundredths of a cent from 1.20 francs to the euro, the strongest level Switzerland's central bank says it will allow.